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REGISTERED NUMBER: 06391192 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ESW SOLUTIONS LTD

ESW SOLUTIONS LTD (REGISTERED NUMBER: 06391192)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ESW SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr M Nicholls
Mrs T Nicholls
Mrs S A Shortland
Mr P Shortland



SECRETARY: Mrs T Nicholls



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 06391192 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank
Paignton Branch
2 Palace Avenue
Paignton
Devon
TQ3 3ER

ESW SOLUTIONS LTD (REGISTERED NUMBER: 06391192)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 29,240 89,272
Cash at bank 263 1,860
29,503 91,132
CREDITORS
Amounts falling due within one year 5 6,891 55,302
NET CURRENT ASSETS 22,612 35,830
TOTAL ASSETS LESS CURRENT LIABILITIES 22,612 35,830

CREDITORS
Amounts falling due after more than one
year

6

-

32,597
NET ASSETS 22,612 3,233

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,512 3,133
SHAREHOLDERS' FUNDS 22,612 3,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ESW SOLUTIONS LTD (REGISTERED NUMBER: 06391192)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by:




Mrs T Nicholls - Director



Mr M Nicholls - Director


ESW SOLUTIONS LTD (REGISTERED NUMBER: 06391192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

ESW Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ESW SOLUTIONS LTD (REGISTERED NUMBER: 06391192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 7 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 28,993 86,218
Directors' current accounts - 3,054
VAT 247 -
29,240 89,272

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Tax 5,338 9,681
VAT - 34,698
Accrued expenses 1,553 923
6,891 55,302

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 32,597

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs T Nicholls and Mr M Nicholls
Balance outstanding at start of year 3,054 90,385
Amounts repaid (3,054 ) (87,331 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,054

Mrs S A Shortland
Balance outstanding at start of year - 20,219
Amounts advanced - 22,231
Amounts repaid - (42,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

ESW SOLUTIONS LTD (REGISTERED NUMBER: 06391192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr P Shortland
Balance outstanding at start of year - 2,012
Amounts repaid - (2,012 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Loans are unsecured, interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £3,054 (2022 - £98,231) were paid to the directors .

During the period the company did lend to Talking Slides Limited, a company that all Directors are also Directors of, an amount of £57,225. The amount owing from Talking Slides Limited relating to this loan at the period end is £28,993 (2022: £86,218).

The loan is unsecured, interest free and repayable on demand.

During the year there was a management charge issued to Talking Slides Ltd of £31,500 (2022: £176,600).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Nicholls.